Tag Archives: FED

Daily Market Intelligence 7/29/21

More money for nothing. Powell spoke and it’s to be determined how the market will respond. Materials and a few select names went bid. I am not reading anything into today’s price action nor am I getting traders leaning one … Continue reading

A.M. Look 8/14/20

Everybody is talking at me. Fact from Fiction. Ferret out the trade. Right now I’m in need of turning off the noise. The less you do the better off you’ll be. Copper is bouncing off its 50 DMA and 200 … Continue reading

A.M. Look 8/24/17

We have a potential Wed-Thursday low in the Indices. This is important mid-week price action for the technical model to repair itself. It will still take another couple of weeks to confirm a directional change. I view the board as … Continue reading

Daily Market Intelligence 9/20/16

Daily Market Intelligence 9-20-16

A.M. Look 8/30/16

Fed Governor Fisher finished a Bloomberg interview a few minutes ago with no market reaction.   ‚ÄčTrading is listless.‚Äč

Early Thoughts

I doubt you’ll see much of anything before Yellen’s speech @ 12:15 CDT. It will be a very light day of trading with muted price movement until the speech, then it will be just the bots as most homo sapiens … Continue reading

A.M. Look 5/23/16

Daily Market Intelligence 5-23-16

Bloviators are in full force

There are a lot of Fed speakers that will provide a catalyst for price action today. I bailed on my Wheat trade thinking I’d see a better entry level given Dollar strength. I have no interest in selling weakness in … Continue reading

A.M. Look 6/11/14

Stocks… Spu’s…need new strength over 1954-56 for more upside. 1st support is 1931-34. FB…Needs new closing strength over 66.60 for another move higher. TWTR…34.55 is near support. On the daily chart this looks poised to test the 50 DMA @ … Continue reading

A.M. Look 6/25/13

Stocks.. No change…Spu’s & Nasd have given me all the expected price action I’ve been waiting to see going into qtr end. (They’ve both hit all my # sets) Range trading should prevail. Bonds… 30 yr. Bonds…136.06 + a couple … Continue reading